TEE Land Ltd - Steadfast in Focus | I3investor

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TEE Land Ltd - Steadfast in Focus

StockFanatic

Publish date: Thu, 09 Oct 2014, 11:59 AM

■ We initiate coverage with an Overweight recommendation and a fair value of $0.48. We expect the longer-term growth of the Singapore property market to remain optimistic. Our $0.48 fair value is based on 30% discount to RNAV. Given the 60% potential upside, we initiate coverage with an Overweight recommendation.

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